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Liverpool To Slash 50% Of Library Funding

Posted at 10:27AM Friday 07 Feb 2014

Up to £500,000 will have to be shaved off the budget for the city's libraries every year for the next three years, as well as the £1m decided on previously that will be taken this year.

Factored into how much must be cut is the required repayments for the Central Library refurbishment of around £1m a year for the next 30 years under the Private Finance Initiative (PFI) scheme that paid for it.

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